Albertan’s experience some of the highest electricity rates in Canada, with this project to start accelerating over the next decade. Currently, the majority of energy is produced via coal, but with both provincial and federal emission rules tightening, plus the need to have more flexible power generation, the industry is moving toward natural gas as a fuel source. Natural gas helps industry meet the increased emission and flexibility requirements, but with this, comes a higher cost to generate, which is of course passed down to the ratepayer.
In addition, we are seeing strong interest groups pressuring the government to move away from coal produced energy.
Snippet: The province burns more coal than the rest of Canada combined, and greenhouse gas emissions from its six coal-fired plants are only slightly less than all emissions from oilsands projects.
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Energy generation trend in Alberta
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So, what is this all leading to? It is leading to a cleaner, more flexible power system, which is good. However, it will also lead to higher energy prices. So, with cleaner, more expensive energy on the horizon, this is the perfect opportunity to invest in your own solar PV system, which is not only extremely clean, but will allow you to offset / avoid the high cost of power from your utility.
How is this possible?
OFF GRID: For new residential or small commercial applications, off grid is the perfect option. Not only can you avoid paying the high cost of installing utility infrastructure, you don’t have monthly energy payments to the utility. Learn more about off grid.
GRID TIE: If you already have a utility connection, a grid tie system is the perfect option to generate your own energy, save money and protect yourself from future utility price hikes. Learn more about grid tie.